```
REGISTERED CHARITY NUMBER: 301438
```
## **`TRUSTEES' REPORT AND`**
```
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
```
```
FOR
```
## **`WITHAM COMMUNITY ASSOCIATION`**
```
THP Limited
Chartered Accountants
and Statutory Auditors
34-40 High Street
Wanstead
London
E11 2RJ
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025`**
|||**`Page`**||
|---|---|---|---|
|**`Trustees' Report`**|`1`|`to`|`3`|
|**`Report of the Independent Auditors`**|`4`|`to`|`6`|
|**`Statement of Financial Activities`**||`7`||
|**`Balance Sheet`**||`8`||
|**`Notes to the Financial Statements`**|`9`|`to`|`13`|
|**`Detailed Statement of Financial Activities`**|`14`|`to`|`15`|
```
WITHAM COMMUNITY ASSOCIATION
```
```
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
```
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2025. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
```
The objects of the charity are:
```
```
"TopromotethebenefitofinhabitantsofWithaminparticularandthewiderareaofEssexingeneral(hereand after
called"areaofbenefit")withoutdistinctionofsexorpolitical,religiousorotheropinionsbyassociatingwith local
authorities,voluntaryorganisationsandinhabitantsinacommonefforttoadvanceeducationandtoprovide facilities
intheinterestofsocialwelfareforrecreationandleisuretimeoccupationwiththeobjectofimprovingthe conditions
of life for the said inhabitants".
```
```
"Toestablishorsecuretheestablishmentofacommunitycentre(hereandaftercalledthe"centre")andto maintain
andmanage,ortoco-operatewithanylocalstatutoryauthorityinmaintenanceandmanagementofsuchacentre for
activities promoted by the association and its constituent bodies in furtherance of the above objects."
```
```
"To promote such other charitable purposes as may from time to time be determined."
```
```
In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit.
```
```
ThetrusteesconfirmthattheyhavehaddueregardtotheCharityCommission’sguidanceonpublicbenefit. During
theyearthecharityprovidedcommunityfacilities,includinghallhireandapreschool,forthebenefitoflocalpeople in
Witham and the surrounding area, thereby advancing education, recreation and social welfare for the public benefit.
```
## **`ACHIEVEMENTS AND PERFORMANCE`**
```
Themainareasofcharitableactivityaretheprovisionofpre-schoolfacilitiesforchildrenandthesupport of
community activities.
```
```
The main achievement during the year has been to maintain the activities carried out at the Community Centre.
```
## **`FINANCIAL REVIEW`**
## **`Financial position and performance`**
```
Themanagementcommitteearecontinuingtoseektoreducecostsandmaximiseincome.Theaccountsshow a
surplus in the year of £71 (2024: £23,529 deficit).
```
```
Thesefinancialstatementsarepreparedonthegoingconcernbasisdespitethedeficitintotalfundsof £28,252
(2024:£28,323).Thisislargelyduetosignificantexpenditureintheprioryearonrefurbishmentand redecoration
and increased staff costs.
```
```
Thetrusteesbelievethatcostreductionsimplementedandongoingfundingreceivedfromthelocalcouncilwill result
in the deficit in funds being remedied in the future years.
```
```
TheresultsoftheCharity'stradingsubsidiaryarerecordedinnote7ofthesefinancialstatementswhichindicate that
subsidiaryundertakinghasabalancesheetdeficit.Thetrusteesarehopefulthatitsdeficitpositionwillberectified in
the coming years as the subsidiary has returned to profitability.
```
## **`Reserves policy`**
```
Themanagementcommittee'saimsaretobuildreservesuptomaintainsufficientliquidbalancetocover6 months
unrestricted expenditure.
```
```
However,duetosignificantexpenditureandincreasedstaffcosts,ithasnotbeenpossibletomaintainthislevel of
reserves.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
```
## **`Recruitment and appointment of new trustees`**
```
Themanagementcommitteeareappointedatanannualgeneralmeetingtogetherwithhonoraryofficersfor the
positions of Chairman and Treasurer.
```
## **`Organisational structure`**
```
The policy and general management of the affairs of the charity is the responsibility of the management committee.
```
```
Page 1
```
```
WITHAM COMMUNITY ASSOCIATION
```
```
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Risk management`**
```
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
```
```
Thetrusteesareexaminingthemajorstrategicbusinessandoperationalriskswhichtheircharityfacessothat the
necessary steps to mitigate these risks are taken.
```
```
TheTrusteesaresatisfiedthatrisksarebeingconsistentlyandeffectivelymanagedandmitigatedandconsider that
theresultantriskprofileisacceptableandappropriateinrelationtotheCharity'sobjectivesandresponsibilities. The
natureoftheserviceswhichtheCharityprovidestoserviceusers,andtheenvironmentwithinwhichthe charity
operates,meanthatwewillinevitablyfacerisksduetofactorsbeyondourcontrol.Wearewillingtotolerate higher
risks if they can be justified by the potential benefits for children and other service users.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Charity number`**
```
301438
```
## **`Principal address`**
```
Powers Hall End
Witham
Essex
CM8 2HE
```
## **`Trustees`**
```
T A Voice
P Ellis
D Jenkins
```
## **`Auditors`**
```
THP Limited
Chartered Accountants
and Statutory Auditors
34-40 High Street
Wanstead
London
E11 2RJ
```
```
Bankers
Lloyds Bank
77-81 High Street
Chelmsford
Essex
CM1 1DU
```
## **`PLANS FOR FUTURE PERIODS`**
```
The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding.
```
## **`TRUSTEES' RESPONSIBILITY STATEMENT`**
```
ThetrusteesareresponsibleforpreparingtheTrustees'Reportandthefinancialstatementsinaccordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
```
```
Charitylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyear.Underthatlaw,the trustees
haveelectedtopreparethefinancialstatementsinaccordancewithUnitedKingdomGenerallyAccepted Accounting
Practice (United Kingdom Accounting Standards and applicable law).
```
```
Undercharitylawthetrusteesmustnotapprovethefinancialstatementsunlesstheyaresatisfiedthattheygive a
trueandfairviewofthestateofaffairsofthecharityandoftheincomingresourcesandapplicationof resources,
includingtheincomeandexpenditure,ofthecharityforthatperiod.Inpreparingthosefinancialstatements, the
trustees are required to
```
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles in the Charities SORP;`
- `make judgements and estimates that are reasonable and prudent;`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.`
```
Page 2
```
WITHAM COMMUNITY ASSOCIATIOII
TRusfEES' REPORT
FOR THE YEAR ENDED 31 MARCH 1025
TRUSTEES. RESPONSJBILrrY srATEMENT- ¢ontlnued
The trustees are responslble for keeping proper ¥eeountin9 rxorrls whl£h *Jlsdose with reasonèble acojracy at any
time the flnanaal positlor) of the chaty and to enable tD ensur? that the finanual statements corn¥ with the
Chartues Att 2011 and The Charity (Accounts and Repts) Regulauons 2008. They a also re5pons4ble for
safeguarding the 055ets of the charty and hen for tak(ng reasonalje steps for the preventitsn and detttuon of fr3ud
and other Irregularltles.
Appmved by order of the board of trustees on 19 January 2026 and slgned on its behalf by..
T A vol - Trustee
Pa9e 3
```
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
WITHAM COMMUNITY ASSOCIATION
```
## **`Opinion`**
```
WehaveauditedthefinancialstatementsofWithamCommunityAssociation(the'charity')fortheyear ended
31March2025whichcomprisetheStatementofFinancialActivities,theBalanceSheetandnotestothe financial
statements,includingasummaryofsignificantaccountingpolicies.Thefinancialreportingframeworkthathas been
appliedintheirpreparationisapplicablelawandUnitedKingdomAccountingStandards(UnitedKingdom Generally
Accepted Accounting Practice).
```
```
In our opinion the financial statements:
```
- `give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended;`
- `have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and`
- `have been prepared in accordance with the requirements of the Charities Act 2011.`
## **`Basis for opinion`**
```
WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicable law.
OurresponsibilitiesunderthosestandardsarefurtherdescribedintheAuditors'responsibilitiesfortheauditof the
financialstatementssectionofourreport.Weareindependentofthecharityinaccordancewiththe ethical
requirementsthatarerelevanttoourauditofthefinancialstatementsintheUK,includingtheFRC'sEthical Standard,
andwehavefulfilledourotherethicalresponsibilitiesinaccordancewiththeserequirements.Webelievethat the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
```
## **`Conclusions relating to going concern`**
```
Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasisof accounting
in the preparation of the financial statements is appropriate.
```
```
Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoevents or
conditionsthat,individuallyorcollectively,maycastsignificantdoubtonthecharity'sabilitytocontinueasa going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
```
```
Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedinthe relevant
sections of this report.
```
## **`Other information`**
```
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincluded in
the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
```
```
Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
```
```
Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand, in
doingso,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsor our
knowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.Ifweidentifysuch material
inconsistenciesorapparentmaterialmisstatements,wearerequiredtodeterminewhetherthisgivesrisetoa material
misstatementinthefinancialstatementsthemselves.If,basedontheworkwehaveperformed,weconclude that
thereisamaterialmisstatementofthisotherinformation,wearerequiredtoreportthatfact.Wehavenothing to
report in this regard.
```
## **`Matters on which we are required to report by exception`**
```
WehavenothingtoreportinrespectofthefollowingmatterswheretheCharities(AccountsandReports) Regulations
2008 requires us to report to you if, in our opinion:
```
- `the information given in the trustees Report is inconsistent in any material respect with the financial statements; or`
- `sufficient accounting records have not been kept; or`
- `the financial statements are not in agreement with the accounting records and returns; or`
- `we have not received all the information and explanations we require for our audit.`
## **`Responsibilities of trustees`**
```
AsexplainedmorefullyintheTrustees'ResponsibilitiesStatement,thetrusteesareresponsibleforthepreparation of
thefinancialstatementswhichgiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermine is
necessarytoenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherdue to
fraud or error.
```
```
Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharity'sabilitytocontinueas a
goingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoingconcernbasis of
accountingunlessthetrusteeseitherintendtoliquidatethecharityortoceaseoperations,orhaveno realistic
alternative but to do so.
```
```
Page 4
```
```
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
WITHAM COMMUNITY ASSOCIATION
```
## **`Our responsibilities for the audit of the financial statements`**
```
WehavebeenappointedasauditorsunderSection144oftheCharitiesAct2011andreportinaccordancewith the
Act and relevant regulations made or having effect thereunder.
```
```
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefree from
materialmisstatement,whetherduetofraudorerror,andtoissueaReportoftheIndependentAuditorsthat includes
ouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconducted in
accordancewithISAs(UK)willalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarise from
fraudorerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpected to
influence the economic decisions of users taken on the basis of these financial statements.
```
## **`The extent to which the audit was considered capable of detecting irregularities including fraud`**
```
Ourapproachtoidentifyingandassessingtherisksofmaterialmisstatementinrespectofirregularities, including
fraud and non-compliance with laws and regulations, was as follows:
```
```
-theengagementpartnerensuredthattheengagementteamcollectivelyhadtheappropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
-weidentifiedthelawsandregulationsapplicabletotheCharitythroughdiscussionswithtrusteesand other
management, and from our knowledge and experience of the sector in which the Charity operates;
-wefocusedonspecificlawsandregulationswhichweconsideredmayhaveadirectmaterialeffectonthe financial
statementsortheoperationsoftheCharity,CharitiesActandSORPrequirements,GeneralData Protection
Regulations (GDPR), Safeguarding, Employment and Health and Safety legislation.
-weassessedtheextentofcompliancewiththelawsandregulationsidentifiedabovethroughmakingenquiries of
management and inspecting legal correspondence; and
```
- `identified laws and regulations were communicated within the audit team regularly and the team remained alert to`
- `instances of non-compliance throughout the audit.`
```
WeassessedthesusceptibilityoftheCharity'sfinancialstatementstomaterialmisstatement,includingobtaining an
understanding of how fraud might occur, by:
```
- `making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of`
- `actual, suspected and alleged fraud; and`
- `considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.`
```
To address the risk of fraud through management bias and override of controls, we:
```
- `performed analytical procedures to identify any unusual or unexpected relationships;`
- `tested journal entries to identify unusual transactions;`
- `assessed whether judgements and assumptions made in determining the accounting estimates were indicative of`
- `potential bias; and`
- `investigated the rationale behind significant or unusual transactions.`
```
Inresponsetotheriskofirregularitiesandnon-compliancewithlawsandregulations,wedesignedprocedures which
included, but were not limited to:
```
- `agreeing financial statement disclosures to underlying supporting documentation;`
- `enquiring of management as to actual and potential litigation and claims; and`
- `reviewing correspondence with the Charities Commission and any other relevant regulators as required.`
```
Thereareinherentlimitationsinourauditproceduresdescribedabove.Themoreremovedthatlawsand regulations
arefromfinancialtransactions,thelesslikelyitisthatwewouldbecomeawareofnon-compliance.Auditing standards
alsolimittheauditproceduresrequiredtoidentifynon-compliancewithlawsandregulationstoenquiryofthe trustees
and other management and the inspection of regulatory and legal correspondence, if any.
```
```
Materialmisstatementsthatariseduetofraudcanbehardertodetectthanthosethatarisefromerrorasthey may
involve deliberate concealment or collusion.
```
```
Afurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedonthe Financial
ReportingCouncil'swebsiteatwww.frc.org.uk/auditorsresponsibilities.ThisdescriptionformspartofourReportof the
Independent Auditors.
```
```
Page 5
```
```
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
WITHAM COMMUNITY ASSOCIATION
```
## **`Use of our report`**
```
Thisreportismadesolelytothecharity'strustees,asabody,inaccordancewithPart4oftheCharities(Accounts and
Reports)Regulations2008.Ourauditworkhasbeenundertakensothatwemightstatetothecharity'strustees those
matterswearerequiredtostatetotheminanauditors'reportandfornootherpurpose.Tothefullest extent
permittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthecharityandthe charity's
trustees as a body, for our audit work, for this report, or for the opinions we have formed.
```
```
THP Limited
Chartered Accountants
and Statutory Auditors
34-40 High Street
Wanstead
London
E11 2RJ
```
```
19 January 2026
```
```
Page 6
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Other charitable activities`
`2`
**`Total`**
**`EXPENDITURE ON`**
`Children's activities`
**`Charitable activities`**
`Generating funds`
`Charitable Activities`
`Governance`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|**`2025`**
**`Unrestricted`**
**`funds`**
**`£`**
**`15`**
**`224,833`**
**`224,848`**
**`86,226`**
**`-`**
**`128,425`**
**`10,126`**
**`224,777`**
**`71`**
**`(28,323)`**
**`(28,252)`**|`2024`
`Total`
`funds`
`£`
`115`
`222,652`
`222,767`
`79,524`
`-`
`155,347`
`11,425`
`246,296`
`(23,529)`
`(4,794)`
`(28,323)`|
|---|---|---|
```
The notes form part of these financial statements
```
```
Page 7
```
BALANCE SHEET
31 MARCH 2025
2025
Unrestrlctsd
funds
2Q24
Total
ftjnds
FIXED ASSErs
Tangl assets
Investments
168
6,113
6,"169
6,114
Stocks
Debtor5
Cosh at bank and In hand
938
8.357
13,746
938
14,018
34,156
23,IHI
29,112
CREDITORS
Amounts tslllng due wthln one year
io
(30,609)
131,141)
14ET CURRE1 ASSEfs/(LIABZLITIES)
{7.568)
{2,029)
(1,399)
4.085
CREDITORS
Amounts falling due after nh)re than one year
li
{26053)
{32,408)
ASSETSi{LWllmES)
(2¢252)
{28,323}
FUNDS
UnSttted fijnds
13
(28,252}
{28,323)
TOTAL AJNDS
(¥252)
(28,3231
The finanaal 5tstements w¥e akvfDved ty the Bo¥d L* Trus and authorl*d fty 6gJe on 19 January 2026 and
We tts behalf by:
T A V0- Tnstee
```
WITHAM COMMUNITY ASSOCIATION
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements and going concern`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCharitiesAct2011.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention, with the exception of investments which are included at market value.
```
```
Thesefinancialstatementsarepreparedonthegoingconcernbasisdespitethedeficitintotalfunds of
£28,252(2024:£28,323).Thisislargelyduetosignificantexpenditureintheprioryearonrefurbishment and
redecoration and increased staff costs.
```
```
Thesearenotexpectedtobeanannualoccurrence.Thetrusteesbelievethatcostreductionsimplemented and
ongoing funding received from the local council will result in the deficit in funds being remedied in future.
```
## **`Incoming resources`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds, it
is probable that the income will be received and the amount can be measured reliably.
```
## **`Resources expended`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
```
```
Equipment and fixtures and fittings- 25% on reducing balance
Bar equipment and fittings- 10% on cost
```
## **`Stocks`**
```
Stocksarevaluedatlowerofcostandsellingprice,aftermakingdueallowanceforobsoleteandslow moving
items.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
## **`Hire purchase and leasing commitments`**
```
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightline basis
over the period of the lease.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity's pension
```
```
scheme are charged to the Statement of Financial Activities in the period to which they relate.
```
```
continued...
```
```
Page 9
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`**
## **`2. OTHER CHARITABLE ACTIVITIES`**
## **`3.`**
|`Hall hire`
`Vending machines`
`Fruit machines`
`Children's activities`
`Sundry income`
`Rents and recharges received from`
`subsidiary`
`Holiday playscheme`
**`AUDITORS' REMUNERATION`**
`Fees payable to the charity's auditors for the audit of the charity's financial`
`statements`
`Other non-audit services`
`Total fees payable`|**`2025`**
**`Unrestricted`**
**`funds`**
**`£`**
**`66,977`**
**`55`**
**`1,280`**
**`129,158`**
**`1,095`**
**`7,200`**
**`19,068`**
**`224,833`**
**`2025`**
**`£`**
**`2,900`**
**`1,950`**
**`4,850`**|`2024`
`Total`
`funds`
`£`
`71,597`
`31`
`90`
`118,502`
`1,456`
`9,000`
`21,976`|`2024`
`Total`
`funds`
`£`
`71,597`
`31`
`90`
`118,502`
`1,456`
`9,000`
`21,976`|
|---|---|---|---|
|||`222,652`||
|||`2024`
`£`
`3,000`
`2,000`
`5,000`||
||||`2,000`|
||||`5,000`|
## **`4. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norforthe year
ended 31 March 2024.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31March2025norfortheyear ended
31 March 2024.
```
## **`5. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
||**`2025`**|`2024`|
|---|---|---|
|`Total staff`|**`16`**|`15`|
```
No employees received emoluments in excess of £60,000.
```
```
continued...
```
```
Page 10
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`**
## **`6. TANGIBLE FIXED ASSETS`**
|**`COST`**
`At 1 April 2024`
`Additions`
`Disposals`
`At 31 March 2025`
**`DEPRECIATION`**
`At 1 April 2024`
`Charge for year`
`Eliminated on disposal`
`At 31 March 2025`
**`NET BOOK VALUE`**
`At 31 March 2025`
`At 31 March 2024`
**`7.`**
**`FIXED ASSET INVESTMENTS`**
**`MARKET VALUE`**
`At 1 April 2024 and 31 March 2025`
**`NET BOOK VALUE`**
`At 31 March 2025`
`At 31 March 2024`|`Equipment`
`and`
`fixtures`
`and`
`fittings`
`£`
**`115,170`**
**`37`**
**`(1,520)`**
**`113,687`**
**`111,776`**
**`860`**
**`(1,473)`**
**`111,163`**
**`2,524`**
`3,394`|`Bar`
`equipment`
`and`
`fittings`
`£`
**`32,814`**
**`1,305`**
**`-`**
**`34,119`**
**`30,095`**
**`380`**
**`-`**
**`30,475`**
**`3,644`**
`2,719`
`I`|`Totals`
`£`
**`147,984`**
**`1,342`**
**`(1,520)`**
**`147,806`**
**`141,871`**
**`1,240`**
**`(1,473)`**
**`141,638`**
**`6,168`**
`6,113`
`nvestments`
`£`
**`1`**
**`1`**
`1`|
|---|---|---|---|
|||||
|||||
||||`nv`|
```
There were no investment assets outside the UK.
```
```
Fixedassetinvestmentsrelatetocharity's100%ownershipofSpringLodgeCentreLimitedwhichisa trading
company. The results of Spring Lodge Centre Limited are as follows:
```
## **`8.`**
||**`2025`**
`2024`|**`2025`**
`2024`|
|---|---|---|
||**`£`**
`£`||
|`Turnover`|**`52,009`**
`49,625`||
|`Profit/(Loss) for the year`|**`1,316`**
`(2,086)`||
|`Aggregate capital and reserves`|**`(617)`**
`(1,933)`||
||||
|**`STOCKS`**
`Stocks`|**`2025`**
**`£`**
**`938`**|`2024`
`£`
`938`|
```
continued...
```
```
Page 11
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`**
## **`9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Trade debtors`
`Amount owed by subsidiary`
`undertaking`
`Other debtors`
`VAT`
`Prepayments`
**`10.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Bank loans and overdrafts (see note 12)`
`Deferred income`
`Trade creditors`
`Social security and other taxes`
`Accrued expenses`
**`11.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
`Bank loans (see note 12)`
**`12.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due within one year on demand:`
`Bank loans`
`Amounts falling between one and two years:`
`Bank loans - 1-2 years`
`Amounts falling due between two and five years:`
`Bank loans - 2-5 years`
`Amounts falling due in more than five years:`
`Repayable by instalments:`
`Bank loans more than 5 years by instalments`|**`2025`**
**`£`**
**`5,590`**
**`1,325`**
**`-`**
**`552`**
**`890`**
**`8,357`**
**`2025`**
**`£`**
**`5,556`**
**`2,941`**
**`6,841`**
**`5,289`**
**`9,982`**
**`30,609`**
**`2025`**
**`£`**
**`26,853`**
**`2025`**
**`£`**
**`5,556`**
**`5,556`**
**`16,667`**
**`4,630`**|`2024`
`£`
`6,515`
`662`
`125`
`783`
`5,933`|
|---|---|---|
|||`14,018`|
|||`2024`
`£`
`5,556`
`4,748`
`12,020`
`3,625`
`5,192`|
|||`31,141`|
|||`2024`
`£`
`32,408`|
|||`2024`
`£`
`5,556`|
|||`5,556`|
|||`16,667`|
|||`10,185`|
```
ThebankloanissupportedandsecuredbytheUKGovernment'sBounceBackLoanScheme(BBLS). Interest
is charged at a fixed rate of 2.5% and the balance is repayable over 120 months from inception.
```
## **`13. MOVEMENT IN FUNDS`**
|||`Net`||
|---|---|---|---|
|||`movement`|`At`|
||`At 1.4.24`|`in funds`|`31.3.25`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|**`(28,323)`**|**`71`**|**`(28,252)`**|
|**`TOTAL FUNDS`**|**`(28,323)`**|**`71`**|**`(28,252)`**|
```
continued...
```
```
Page 12
```
```
WITHAM COMMUNITY ASSOCIATION
```
```
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
```
## **`13. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
**`224,848`**
**`224,848`**|`Resources`
`expended`
`£`
**`(224,777)`**
**`(224,777)`**|`Movement`
`in funds`
`£`
**`71`**
**`71`**|
|---|---|---|---|
## **`Comparatives for movement in funds`**
|||`Net`||
|---|---|---|---|
|||`movement`|`At`|
||`At 1.4.23`|`in funds`|`31.3.24`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`(4,794)`|`(23,529)`|`(28,323)`|
|**`TOTAL FUNDS`**|`(4,794)`|`(23,529)`|`(28,323)`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`222,767`
`222,767`|`Resources`
`expended`
`£`
`(246,296)`
`(246,296)`|`Movement`
`in funds`
`£`
`(23,529)`
`(23,529)`|
|---|---|---|---|
## **`14. RELATED PARTY DISCLOSURES`**
```
Duringtheyearthecharityreceivedrentof£7,200(2024:£7,800)fromthesubsidiaryundertakingfor the
use of charity premises.
```
```
Included in debtors is an amount due from the subsidiary undertaking of £1,325 (2024: £662).
```
## **`15. LEASED PREMISES`**
```
ThepremisesatSpringLodgeisheldona50yearleasefromBraintreeDistrictCouncil,onayearlyrentof one
peppercorn (if demanded).
```
```
Page 13
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
**`Other charitable activities`**
`Hall hire`
`Vending machines`
`Fruit machines`
`Children's activities`
`Sundry income`
`Rents and recharges received from subsidiary`
`Holiday playscheme`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Children's activities`**
`Staff costs`
`Social security`
`Pensions`
`Events`
`Purchases and sunday market`
`Consumables and provisions`
**`Charitable activities`**
`Wages`
`Social security`
`Equipment rental`
`Rates and water`
`Insurance`
`Light and heat`
`Telephone`
`Printing, postage ,stationery and computer costs`
`Sundries`
`Staff welfare`
`Trade waste fees`
`Cleaning materials`
`Repairs and renewals`
`Service contracts`
`Travelling`
`Licences`
`Bank charges`
`Legal and professional`
`Depn of equipment and fixtures`
`Depn of bar equipment and fittings`
`Loss on sale of tangible fixed assets`
`Financial costs- VAT`
`Other interest`
**`Support costs`**
**`Governance costs`**
`Auditors' remuneration`
`Carried forward`|`2025`
`£`
**`15`**
**`66,977`**
**`55`**
**`1,280`**
**`129,158`**
**`1,095`**
**`7,200`**
**`19,068`**
**`224,833`**
**`224,848`**
**`80,898`**
**`1,195`**
**`2,295`**
**`400`**
**`346`**
**`1,092`**
**`86,226`**
**`67,633`**
**`999`**
**`542`**
**`2,412`**
**`10,144`**
**`20,867`**
**`4,363`**
**`5,024`**
**`221`**
**`129`**
**`2,414`**
**`1,248`**
**`3,659`**
**`4,017`**
**`-`**
**`936`**
**`676`**
**`476`**
**`860`**
**`380`**
**`47`**
**`5,769`**
**`885`**
**`133,701`**
**`2,900`**
**`2,900`**|`2024`
`£`
`115`
`71,597`
`31`
`90`
`118,502`
`1,456`
`9,000`
`21,976`
`222,652`
`222,767`
`74,295`
`1,019`
`2,277`
`-`
`344`
`1,589`
`79,524`
`72,413`
`989`
`1,497`
`2,314`
`9,282`
`30,851`
`5,077`
`4,625`
`409`
`118`
`2,223`
`1,579`
`16,678`
`4,071`
`14`
`418`
`(1,609)`
`401`
`1,225`
`286`
`270`
`7,610`
`1,031`
`161,772`
`3,000`
`3,000`|
|---|---|---|
```
This page does not form part of the statutory financial statements
```
```
Page 14
```
```
WITHAM COMMUNITY ASSOCIATION
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`**
|**`Governance costs`**
`Brought forward`
`Auditors' remuneration for non audit work`
`Total resources expended`
**`Net income/(expenditure)`**|`2025`
`£`
**`2,900`**
**`1,950`**
**`4,850`**
**`224,777`**
**`71`**|`2024`
`£`
`3,000`
`2,000`
`5,000`
`246,296`
`(23,529)`|
|---|---|---|
```
This page does not form part of the statutory financial statements
```
```
Page 15
```